Land Improvements is an asset account that records improvements to land that have a limited life.

Name: Land Improvements is an asset account that records improvements to land that have a limited life.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Land Improvements account includes costs related to improvements on land such as landscaping, paving, fencing, and lighting, which are depreciable over their useful life, distinguishing them from the land itself, which is not depreciated.

Land Improvements Is an Asset Account That Records Improvements to Land